West DFW REI Group

The TREC contracts used by brokers and agents in Texas do not contain any language regarding assignments. Since the contracts were silent, a TREC contract was able to be assigned without any notice to the seller. All the original buyer needed to do was enter into an assignment agreement with the new buyer and provide a copy of the executed agreement to the title company. 

Then, beginning January 1, 2024, the Texas Property Code was amended, specifically section 5.025. That section of the code always required the original buyer, before they entered into the assignment agreement, notify the new buyer that only an equitable interest was being sold, meaning the buyer did not have title to the property. Starting in January of 2024, an additional requirement was added, requiring the seller to be given notice that the original buyer was going to assign their interest in the contract. Note, it does not state seller must agree to such assignment or be told the terms of the assignment, just be notified. Such notice must be given to the seller prior to an assignment agreement being entered into between the original buyer and the new buyer.  

There are three ways the buyer can give notice to the seller:

1. Include the wording "and/or assigned" in the buyer's name on page 1 of the TREC contract.
2. A
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Cash for Your House: Reasons to Choose We Buy Houses Companies

When you want to sell your house, you want a quick and hassle-free process that gets you the cash you need. That's where We Buy Houses or Cash Buyer companies like DFW House Solutions come in. These companies specialize in buying properties for cash, offering a faster and more convenient alternative to the traditional real estate market. Their expertise makes it easy for homeowners to sell their houses in any condition without the need for repairs or renovations, they pay all cash if the home qualifies, and they can close within just a few days.

Choosing a We Buy Houses company has numerous advantages. First and foremost, it eliminates the need for realtors, saving you time and money on commissions. Additionally, these companies provide a quick and efficient selling process, often closing the deal within a matter of days. Whether you're facing foreclosure, going through a divorce, or need to relocate quickly, a We Buy Houses company can provide the solution you're looking for.

By opting for a We Buy Houses company such as
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